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23500 Park Sorrento - Avanti, Calabasas, CA

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23500 Park Sorrento - Avanti

Calabasas, CA 91302-1307 - Calabasas/Westlake Vill Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:-
Building Size:14,886 SF Land Area:5.43 AC (236,644 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
5,329 SF is available to occupy upon purchase.

Sale Notes:
* Brand New Street Front Retail Below Mixed Use Avanti retail is 42% leased to a luxury line up including Soul Cycle and Pressed Juicery, providing a point of destination experience for customers in Calabasas, one of the wealthiest communities in all of California ($164,000 AHI)

* Invest and Occupy Avanti' s 5,329 SF vacancy in two (2) suites provides for an immediate owner/user opportunity

* High Quality Jewel Box Retail Located directly adjacent to the new Avanti residential project, an exclusive community comprised of 72 luxury flats creating embedded density and customer base
* Destination Location in Affluent Trade Area Avanti is ideally located directly adjacent to Caruso Affiliated' s, The Commons at Calabasas, a 215,000 SF community center anchored by Ralphs, Rite Aid, Edward' s Grand Palace Stadium Theater, Barnes & Noble, Lululemon, Sephora and Williams-Sonoma among others providing a strong local and regional draw to this immediate trade area

* Strong NOI Growth the lease up of vacant space should grow the Net Operating Income over $400,000 (348%) during a 10-year hold period

Phil D Voorhees
(949) 725-8521

Kirk Brummer
(949) 725-8418

Preston Fetrow
(949) 725-8538

James Slusher
(949) 725-8507

Megan Wood
(949) 725-8423

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